I hope it's true!

[rinoakku]

PETER JACKSON AND NEW LINE CINEMA JOIN WITH MGM TO PRODUCE “THE HOBBIT”

NEW LINE AND MGM TO CO-PRODUCE AND SHARE WORLDWIDE DISTRIBUTION RIGHTS

PETER JACKSON AND FRAN WALSH TO EXECUTIVE PRODUCE TWO FILMS BASED ON “THE HOBBIT”http://community.livejournal.com/ohnotheydidnt/18729992.html

Comments

[burasama]

I followed your link and then looked for more, since I've been hearing rumors about it for a long time, but it was always all speculation...
This appears to be the real deal since there's a banner for it up on the official site
Thanks for the post, I probably wouldn't have heard about it for months otherwise!